EP 292 | AIRED 07/11/2016
Oregon Pink Shrimp Landings a Challenge for Buyers
July 11, 2016 - Welcome to The Tradex Foods
"3-Minute Market Insight
This is Kyla Ganton and here is the seafood news for the week of July 11th, 2016.
--- Landings of Small-sized pink shrimp are "consistent with the history of the fishery" according to fishery managers, but prove to be a challenge for buyers on the West coast.
Current landing statistics show 80% of the catch at 140 count per pound, producing a 350-500 count cooked and peeled product at 30 percent recovery.
Processors report that AT BEST only 15 to 20 percent of the catch will produce a 250-350count product.
Some are even proposing a limit to how much of the smaller sized shrimp will be allowed on each delivery in the hopes that boats will hunt for bigger raw materials.
It was small sized shrimp that originally shook up the fishery in May during a voluntary stand down.
June catch totals for the fishery were 7.05 million pounds, approximately 38 percent lower than the same time last year.
Scott Groth from the Oregon Department of Fish and Wildlife indicated that the 2016 fishery will be less than the past 5 seasons, but it will be a good season compared to long term history.
As for crystal ball harvest predictions for the remainder of the season, many fishermen anticipate an overall harvest at 50 percent of last year's catch, in the range of 25 million pounds.
Total fishery landings to date are 60 percent lower than last year, at 12.9 million pounds, which is to be expected after a 3 week late start for price negotiations.
Pricing continues to be strong compared to the past few years, with prices ranging from $5.45 to $5.70 in Seattle.
We have heard pricing as high as $6.00 in Los Angeles from some packers.
The outlook is better now that larger shrimp are beginning to be caught, perhaps creating some price relief.
Strong North West winds all spring and summer have supported upswellings which bring nutrient-rich waters up to the surface, so we could see the shrimp sizes get better for the duration of the fishery.
--- To wrap things up, our TradexLIVE Offer of the week is for Sinbad Platinum Sockeye Salmon Fillets.
These are 1-3lb, Skin-on, Trim C, 2016 Product of Canada.
We have 10,000 lbs available for $6.65 / lb FOB Seattle.
Click or tap the icon above to view this offer.
----Thank you for joining me for the Tradex Foods
"3-Minute Market Insight"
This is Kyla Ganton - “BUY SMART” and “EAT MORE SEAFOOD"
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